Overview
What is Shreveport Charter Foundation Inc?
Shreveport Charter Foundation Inc is a Louisiana-based nonprofit corporation, established in February 2012, with a primary focus on education. The foundation, which employs 164 individuals, has entered into a Type 1 charter school contract with the Caddo Parish School Board to manage and operate the Magnolia School of Excellence. This charter school caters to students from kindergarten to eighth grade in Caddo Parish, Louisiana. The foundation is committed to achieving high academic standards and maintaining ethical business practices, making it a vital contributor to the educational landscape in Shreveport.
Official website here: www.shreveportcharterfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (57%)
Shreveport Charter Foundation Inc has received a low rating of 57% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the charity earns full points for having a majority independent board and demonstrating proper asset management, it struggles in critical areas such as fundraising efficiency and overall financial health.
The organization has notable strengths, including a well-structured board and proper documentation practices for board meetings and tax forms. However, it falls short with a poor performance in financial ratios, particularly in fundraising efficiency and program expense allocation, which are essential for measuring the effectiveness of its operations and impact.
Limitations highlighted include a lack of a whistleblower policy and deficiencies in document retention practices, which could impact transparency and accountability. Overall, the mixed results suggest that while there are foundational strengths, significant improvements are needed to enhance trust and operational effectiveness within the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Shreveport Charter Foundation Inc legitimate?
Shreveport Charter Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shreveport Charter Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,139,499
For more financial information, click here
Official website here: www.shreveportcharterfoundation.com
What is the mission statement of Shreveport Charter Foundation Inc?
Shreveport Charter Foundation Inc is a non-profit organization established in 2012 for educational purposes. With unwavering dedication to student achievement, the Foundation operates high-performing schools. Its commitment to ethical and sound business practices is unyielding. The Foundation has collaborated with Caddo Parish School Board to establish and manage Magnolia School of Excellence, serving students from kindergarten through eighth grade.
Official website here: www.shreveportcharterfoundation.com
Who is the CEO of Shreveport Charter Foundation Inc?
Dr Melva Turner Williams is the President of Shreveport Charter Foundation Inc.
Official website here: www.shreveportcharterfoundation.com
What is the revenue of Shreveport Charter Foundation Inc?
Shreveport Charter Foundation Inc's revenue in 2022 was $16,376,455.
Official website here: www.shreveportcharterfoundation.com
Who are the executives of Shreveport Charter Foundation Inc and what are their salaries?
The average compensation at Shreveport Charter Foundation Inc during 2022 was $31,338. There are 164 employees at Shreveport Charter Foundation Inc.
Here are 8 key members and their salaries:
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Official website here: www.shreveportcharterfoundation.com
Where can I find the form 990 for Shreveport Charter Foundation Inc?
Shreveport Charter Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shreveportcharterfoundation.com
Learn more at the official website: www.shreveportcharterfoundation.com
Mission Statement of Shreveport Charter Foundation Inc
Shreveport Charter Foundation Inc is a Louisiana-based not-for-profit organization with a steadfast commitment to education and ethical business practices. Established in 2012, the Foundation's mission is geared towards designing, developing, and managing top-performing schools, where student achievement takes center stage. With an unwavering dedication, the Foundation has entered into a Type 1 charter school contract with Caddo Parish School Board to operate the Magnolia School of Excellence.
The Magnolia School of Excellence, a project by Shreveport Charter Foundation Inc, caters to students from kindergarten to eighth grade in Caddo Parish, Louisiana. This charter school is a testament to the Foundation's unyielding mission for academic success, as it strives to provide quality education and nurture young minds. The organization's educational initiatives are fueled by a deep-rooted belief in the potential of every student, and the Foundation's ethical and sound business practices ensure the sustainability and growth of the school. Together, these elements form a powerful force driving the Foundation's work in the realm of education.
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Impact
October, 2024
Shreveport Charter Foundation Inc significantly enhances educational opportunities in Caddo Parish through the operation of the Magnolia School of Excellence. This institution serves students from kindergarten to eighth grade, focused on fostering high academic achievement and personal growth.
With a commitment to ethical and sound business practices, the foundation ensures that resources are allocated efficiently to support student success. By designing and developing high-performing schools, it addresses the educational needs of the community, providing a nurturing environment where students can thrive and excel.
The impact of the Shreveport Charter Foundation extends beyond academics; it promotes a holistic approach to education, cultivating values and skills that prepare students for future challenges. Its unwavering dedication to student achievement makes it a critical player in shaping a brighter future for the youth of Shreveport.
This information is meant to be a general summary of Shreveport Charter Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $476
- Program Service Revenue: $64,827
- Gross Receipts: $16,376,455
Assets and Liabilities:
- Total Assets: $21,315,685
- Total Liabilities: $30,146,059
- Net Assets: -$8,830,374
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BEFORE AND AFTERCARE FEES
Revenue
$63,951
STUDENT LUNCHES
Revenue
$876
Organization Details
Founding Year
2012
Phone
(318) 703-5585Principal Officer
Dr Melva Turner Williams
Main Address
2290 CLYDE FANT PKWY SERVICE RD, SHREVEPORT, LA, 71105
NTEE Category
Code: B20 - Education
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